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While once commonly referred to as "God's Waiting Room", Bribie Island has more recently adopted a younger prestige character; home to the shire's most exclusive addresses on the banks of Pacific Harbour's canals.

Infrastructure on Bribie Island is still developing; retail services have been expanded with the addition of a shopping centre at Bellara anchored by a Woolworths and other specialty shops.

Prime commercial sites are selling fast with southern developers vying for the best positions.

The seaside areas around Bribie are increasingly attracting owner-occupiers aged in their 30s to 50s who are looking for a complete lifestyle change.

These people are now prepared to travel further to work and school (a 15 minute drive to the electric train at Caboolture) just so they can have a more relaxed coastal lifestyle.

As Brisbane expands and interstate migrants from Melbourne and Sydney arrive in the area, attitudes to commuter travel have relaxed; what once seemed like an impossibly long journey now seems quite reasonable.

The upsurge in demand for coastal living has caused a more than 90 per cent increase in the median house price in Banksia Beach over the last five years.

Further expansion is limited closer to Bribie. Due to government restrictions on development along the Passage, Pacific Harbour at Banksia Beach offers the last deep water canal frontage property; a fact that will ensure property there continues to appreciate.

With ongoing concerns about land shortage in and around Brisbane, Bribie will increasingly move into the spotlight as an obvious destination for young families seeking comparatively affordable housing options, as well as the lifestyle seekers heading for the hills or the sea.

Source: REIQ